LongWater Portfolio Company Midland Garage Door Acquires Martin Door
2024年8月5日 - 8:30PM
ビジネスワイヤ(英語)
Midland Garage Door (“Midland”), a portfolio company of
LongWater, today announced that it has acquired Martin Door
(“Martin”), a prominent garage door manufacturer based in Salt Lake
City, Utah. Known for its high-quality garage doors and innovative
designs, Martin will benefit from Midland's extensive market reach
and operational expertise as a market-leading garage door
manufacturer.
LongWater invested in Midland Garage Door in June 2023 through a
strategic partnership with the company’s management focused on
enhancing growth prospects while upholding best-in-class products
and services. The Martin acquisition aligns with Midland’s growth
strategy and commitment to expanding its product offerings
nationwide by adding a strategic manufacturing asset that
strengthens Midland’s presence across the Mountain West, West Cost,
and Southwest regions.
The combined business is well-positioned to capitalize on
significant synergies, enhancing its ability to meet the needs of
customers across both residential and commercial markets. With an
expanded geographic footprint and a diversified product portfolio,
the combined business is poised to deliver exceptional value and
service.
“We’re thrilled to welcome Martin Door to the Midland family,”
said Mike Wittrock, CEO of Midland Garage Door. “The acquisition of
Martin represents a highly strategic opportunity for Midland that
marks a significant step in Midland’s strategic expansion with
several identified benefits. We are pleased to bring together two
industry leaders to build on their shared commitment to quality and
customer service.”
About Midland Garage Door Midland Garage Door is a
leading manufacturer of commercial and residential garage doors.
Founded in 1979, and headquartered in West Fargo, North Dakota,
Midland has grown to become one of the largest providers of
sectional garage doors sold throughout the Midwest.
About Martin Door Since 1975, Martin Door has designed,
manufactured and sold some of the finest overhead doors in the
industry. Based in Salt Lake City, Utah, Martin creates and
distributes overhead doors for residential as well as commercial
applications, putting the finishing quality touches on everything
they build at their plant.
About LongWater Founded in 2009, LongWater is an
alternative asset management firm focused on the lower middle
market. The firm offers its investors access to a range of
investment products, including private equity, private credit, and
primary capital and co-investment commitments to general partners.
LongWater has offices in Fargo, ND, Dallas, TX and St. Louis, MO.
To learn more, visit www.longwateropportunities.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240805789706/en/
Mark Semer / Sam Cohen Gasthalter & Co. 212.257-4170
longwater@gasthalter.com